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Suez Canal Expected to Make LE37 bn Revenues

Source: www.export-egypt.com 5/14/2014, Location: Africa

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Chairman of the Suez Canal Authority expected the Suez Canal to make more than LE37 billion in revenues this year.

These revenues are the biggest ever in the Canal's history, Lt. General Muhab Mamish said.

In statements, Mamish said some transit fees increased as of the first of May and this increase will range from five to nine percent. He expected 10% increase in the revenues of the international waterway.

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